Friday, 29 April 2016

The real problem in the UK is that the Conservative Party has allowed
a vacuum to develop which for young people has been filled by the
Corbynite Left: for the past decade, if not the past 25 years, the party
has failed to make an inspiring, coherent, optimistic case for
meritocratic, dynamic capitalism. It has done very little to address the
structural causes for the discontent: house-building figures have
barely risen and people who own nothing and believe that nothing will
ever change don’t tend to support capitalism. Tories haven’t made the
moral case for free markets, connecting young people’s individualism and
social liberalism with the liberating potential of the modern,
entrepreneurial and technological economy.
Changing minds and enthusing the public is a laborious and
time-consuming job; it requires a long-term strategy and great
communications. Instead, the Tories have opted for an easier,
short-termist option, the politics of fear. They have become addicted to
negativity. It’s all about staving off catastrophes – national
bankruptcy if we don’t accept austerity, an SNP-led government sucking
England dry if we vote Labour, economic collapse if Scotland leaves the
UK, and a supposed outright Armageddon if we leave the EU.

Tuesday, 19 April 2016

If I am correct there should be limited upside now the the Ftse has hit 6400. Now we just need to wait for a reversal pattern.The Dax has broken up out of an inverted head and shoulder pattern and is approaching Fib resistance around 10400 and I would definitely feel happier seeing a decent reversal candle here before getting at all bearish

Sunday, 17 April 2016

Ftse broke through 6200 last week,which was a little surprising given all the previous failures,but that is what stops are for. We also sliced through the 6250 Murrey Math level . We are very close now to the 1 year anniversary of the top ,360 degrees in time. 6400 is standing out to me as the next major level and looking at some of the previous ranges for a countertrend rally 6420 also fits with this (chart below)
7122 - 1080 = 6402
5500 + 900 = 6400
The dates for the April 2015 top were April 17 and April 27.The "flash crash" top in 2010 was April 15

We are currently above 50% of the bear range at 6311 and below the 61.8% level at 6502

I would recommend Korelli's blog for further charts on the Ftse
http://korelli.typepad.com/blog/2016/04/spx-russell-2000-nyse-comp-vix-jnk-ftse-british-pound-17th-april-2016.html

"From a pure risk/reward standpoint, we have one of the best setups in
many years. Whether a trading stop at sp'2075, 81.. or even 2116, the
risk is relatively minor, verses potential downside of around 25%." PD

"First of please do not believe the nonsense that many experts spew, when they
state that the Fed is scared, it has its back to a wall, and it has to do this
or that; in short anything along those lines is total rubbish. The Fed never
was and will never be scared, as they have no one to answer to but themselves.
When you control the money supply, you control everything. Each move has been
pre-planned with precision, and the only ones that are scared are the penguins
making these proclamations. Listening to that nonsense might make you feel
good for a moment, but you will have nothing to show for it in terms of monetary
gains. The better option is to ride on the coattails of these nefarious manipulators
and in doing so protect your wealth. One day, the Federal Reserve will collapse,
but that day is not today, and the odds are high that you might not be around
to see that day.
Manipulation is the order of the day, and this trend will continue to gather
traction; it will only end when the masses revolt. The masses are notorious
for responding very slowly, so we can assume that by the time they snap out
of their comas, the markets will be trading at unimaginable levels. We expect
corporate debt to trade at levels that will make today's insane levels appear
sane one day. Against this backdrop you have only one option; every major pullback/correction
has to be viewed as a buying opportunity. The markets will continue to be manipulated
probably until the end of time, so until the trend changes, every strong pullback
has to be viewed as buying opportunity."